POLICIES, CODE AND COMPLIANCES

Title
Policy on Vendor Selection & Evaluation pdf
Investor Grievance Redressal Policy pdf
Policy on Material SubsidiariesDownload Icon pdf
Complaint Template pdf
Guidance Note on Whistle Blower Policy pdf
Code of Ethical Business Conduct COC Guidelines pdf
Borrowing Framework pdf
Borrowing Policy pdf
Distribution Policy pdf
Document_Archival_Policy pdf
NRC Policy pdf
Policy for Determining Materiality of Information pdf
Policy on Appointment of Auditor and Valuer pdf
Policy on UPSI and dealing in units by the parties to the Trust pdf
RPT Policy pdf
Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by Designated PersonsDownload Icon O pdf
Format for Declaration of COI pdf
Internal Audit Framework pdf
IndiGrid’s Trust Deed pdf
Framework on Succession Planning pdf
Guidance Note on RPT Policy pdf
Auditor’s Engagement Framework pdf
Investment Committee

The Investment Committee comprises of the board of directors of the Investment Manager. Majority members, including the chairperson of the Investment Committee are independent directors. The company secretary of the Investment Manager act as the secretary to the Investment Committee. The quorum shall be at least 50% of the number of members of the Investment Committee and subject to a minimum of two members. The composition of the Investment Committee is as follows:

Click here for terms of reference of the Committee

Name of Committee Members Category
Mr. Tarun Kataria (Chairperson) Independent Director
Mr. Rahul Asthana Independent Director
Mr. Ashok Sethi Independent Director
Mr. Hardik Shah Non-Executive Director
Ms. Ami Momaya Non-Executive Director
Audit Committee

The Audit Committee comprises of the board of directors of the Investment Manager. The chairperson of the Audit Committee is independent director. All members of the Audit Committee are financially literate, and Chairman of the Committee have accounting and related financial management expertise. The company secretary of the Investment Manager shall act as the secretary to the Audit Committee. The quorum shall be at least 50% of the directors, of which at least 50% of the directors present, shall be independent directors and subject to a minimum of two members being present in person. The composition of the Audit Committee is as follows:

Click here for terms of reference of the Committee

Name of Committee Members Category
Mr. Tarun Kataria (Chairperson) Independent Director
Mr. Rahul Asthana Independent Director
Mr. Ashok Sethi Independent Director
Ms. Jayashree Vaidhyanathan Independent Director
Mr. Hardik Shah Non-Executive Director
Ms. Ami Momaya Non-Executive Director
Stakeholders' Relationship Committee

The Stakeholders’ Relationship Committee comprises of board of directors of the Investment Manager. The Chairperson of the Committee is Independent Director. The company secretary of the Investment Manager act as the secretary to the Stakeholders’ Relationship Committee. The quorum shall be at least 50% of the number of members of the Stakeholders’ Relationship Committee and subject to a minimum of two members The composition of the Stakeholders’ Relationship Committee is as follows:

Click here for terms of reference of the Committee

Name of Committee Members Category
Rahul Asthana (Chairperson) Independent Director
Mr. Tarun Kataria Independent Director
Mr. Ashok Sethi Independent Director
Ms. Jayashree Vaidhyanathan Independent Director
Mr. Hardik Shah Non-Executive Director
Ms. Ami Momaya Non-Executive Director
Nomination and Remuneration Committee

The Nomination and Remuneration Committee comprises of board of directors of the Investment Manager. The chairperson of the committee is an Independent Director. The company secretary of the Investment Manager act as the secretary to the Committee. The quorum shall be at least 50% of the number of members of the Committee and subject to a minimum of two members.The composition of the Nomination and Remuneration Committee is as follows:

Click here for terms of reference of the Committee

Name of Committee Members Category
Mr. Rahul Asthana (Chairperson) Independent Director
Mr. Tarun Kataria Independent Director
Mr. Ashok Sethi Independent Director
Mr. Hardik Shah Non-Executive Director
Ms. Ami Momaya Non-Executive Director
Allotment Committee

The Allotment Committee comprises of board of directors of the Investment Manager. The company secretary of the Investment Manager act as the secretary to the Committee. The quorum of the meeting shall be at least 2 members. The composition of the Allotment Committee is as follows:

Click here for terms of reference of the Committee

Name of Committee Members Category
Mr. Rahul Asthana (Chairperson) Independent Director
Mr. Ashok Sethi Independent Director
Mr. Hardik Shah Non-Executive Director
Ms. Ami Momaya Non-Executive Director
Mr. Harsh Shah Whole-time Director
Risk Management Committee

The Risk Management Committee comprises of board of directors of the Investment Manager. The company secretary of the Investment Manager act as the secretary to the Committee. The quorum of the meeting shall be at least 2 members out of which 50% shall be Independent Directors. The composition of the Risk Management Committee is as follows:

Click here for terms of reference of the Committee

Name of Committee Members Category
Mr. Rahul Asthana (Chairperson) Independent Director
Mr. Tarun Kataria Independent Director
Mr. Ashok Sethi Independent Director
Mr. Hardik Shah Non-Executive Director
Ms. Ami Momaya Non-Executive Director
Bidding Commitice

The Bidding Committee comprises of the board of directors of the Investment Manager. Half of members, including the chairperson of the Bidding Committee shall be independent directors. The company secretary of the Investment Manager act as the secretary to the Bidding Committee. The quorum shall be one third of the total strength of the Committee or two members which is higher, however, presence of at least one independent director is mandatory. The Committee evaluates and considers potential investment opportunity into infrastructure assets from its development stage. The composition of the Bidding Committee is as follows:

Name of Committee Members Category
Mr. Tarun Kataria (Chairperson) Independent Director
Mr. Rahul Asthana Independent Director
Mr. Hardik Shah Non-Executive Director
Ms. Ami Momaya Non-Executive Director
Mr. Harsh Shah Whole-time Director

BOARD COMPOSITION

Meet our board of directors. IndiGrid’s board panel comprises of a diverse, experienced group of global thought, business, and academic leaders.

Tarun Kataria

Independent Director

Tarun Kataria

Independent Director

Mr. Tarun Kataria has over 30 years of rich experience in banking and capital markets, working across New York, Singapore, Hong Kong and Mumbai. He was appointed as an Additional Independent Director on the board of the Investment Manager on October 29, 2016 and has been serving as an Independent Director since September 22, 2017. Currently, he serves as an independent non-executive director (and Chairman of the nomination and remuneration committee) of Mapletree Logistics Trust Ltd. He is an independent director of Westlife Development Limited, Jubilant Pharma Limited and Global Moats Fund (Mauritius). Additionally he also supports World Wildlife Fund, Singapore as Non-Executive, Senior Advisor, Advisory Council. Previously, he was CEO of Religare Capital Markets Limited, Managing Director and Head of Global Banking and Markets at HSBC India and Vice Chairman of HSBC Securities and Capital Markets Private Limited. He has a Master’s degree in Business Administration in Finance from the Wharton School of the University of Pennsylvania. He is also a Chartered Accountant.

Rahul Asthana

Independent Director

Rahul Asthana

Independent Director

Mr. Rahul D. Asthana is a retired IAS officer from the 1978 batch. He was appointed as an Additional Independent Director on the board of the Investment Manager on December 26, 2017 and has been serving as an Independent Director since September 28, 2018. Currently, he also serves as a non-executive director on the board of Aegis Logistics Limited, and NBS International Limited. He is also a director on the board of directors of Mahindra Waste to Energy Solutions Limited and Mahindra Integrated Business Solutions Private Limited. Previously, he has served as the Metropolitan Commissioner of Mumbai, Metropolitan Region Development Authority, Chairman of Mumbai Port Trust and CEO of Brihanmumbai Electric Supply and Transport. He has also served as the Principal Secretary, Energy Department of Government of Maharashtra and was responsible for formulating the renewable energy policy for the State of Maharashtra. He holds a master’s degree in business administration in international business from ICPE University of Ljubljana, Slovenia and a bachelor’s degree in technology (aeronautical) from Indian Institute of Technology, Kanpur.

Ashok Sethi

Independent Director

Ashok Sethi

Independent Director

Mr. Ashok Sethi has over four decades of experience in the power sector with significant knowledge in project execution, operations, commercial, regulatory, advocacy and policy making. He was appointed as an Independent Director on the board of the Investment Manager on October 20, 2020. A B.Tech from IIT Kharagpur, he also did advance management at Ashridge, UK. He currently serves as Non-Executive Chairman of Tata Consulting Engineers Limited. In his last executive role, he served as Chief Operating Officer and Executive Director of Tata Power (2014 to 2019). He was also the chairman of various subsidiary companies of Tata Power. He holds a bachelor’s degree of technology in Metallurgical Engineering from the Indian Institute of Engineering at Kharagpur. He was awarded CBIP Award 2019 for ‘Excellent Contribution in Power Sector and is also a Member of the Institute of Directors.

Jayashree Vaidhyanathan

Independent Director

Jayashree Vaidhyanathan

Independent Director

Ms. Vaidhyanathan has decades of experience in driving product strategy in the Digital Transformation space, product innovation, risk management, M&A, technology delivery and execution. She is currently the CEO of BCT Digital – a global technology company specializing in innovation in predictive analytics, AI and IOT. She also serves as the Independent Director on Board of UTI Asset Management Company as the Chairwoman of the Digital Transformation Committee and serves on the risk and stakeholder management committees. Ms. Vaidhyanathan is a three-time winner of the prestigious Stevie Award, including a Lifetime Achievement Award in addition to being Databird Female Executive of the Year, CEO of the year 2020 by Fintech Futures, Top 10 Influential Woman in Technology 2020 by Analyst Insights and has also been listed amongst Fortune’s Most Inspiring Women. Ms. Vaidhyanathan holds a MBA in Finance & Strategy from Cornell University and a BE in Computer Science & Engineering from Madras University, India. She is also a CFA Charter Holder

Hardik Shah

Non-Executive Director

Hardik Shah

Non-Executive Director

Mr. Shah is a member of the Asia-Pacific Infrastructure team of KKR since 2018 responsible for Infrastructure investments in India. Mr. Shah began his career at Macquarie Group in Sydney where he spent over 10 years across their Sydney and Mumbai offices and was involved in building their India Infrastructure business. More recently, he led Brookfield’s India business in India and was responsible for building Brookfield’s team and presence. Mr. Shah has led ~USD4bn of transactions in India across various infrastructure sectors such as Telecom Towers, Toll Roads, Airports, Energy transportation and Renewable Energy. Mr. Shah holds a post graduate degree from S.P. Jain Institute of Management & Research (Mumbai) and is a CFA Charter holder.

Harsh Shah

Chief Executive Officer and Whole-time Director

Harsh Shah

Chief Executive Officer and Whole-time Director

Mr. Harsh Shah has extensive experience in infrastructure sector across bidding, financing, operations, mergers and acquisitions and regulatory policy. He was appointed as the Chief Executive Officer and Wholetime Director with effect from August 1, 2018. He was instrumental in setting up IndiGrid, India’s first infrastructure investment trust in the power transmission sector. He is also a member of the SEBI Advisory Committee for InvITs and REITs. Previously, he served as the Chief Financial Officer of SPTL. Prior to joining Sterlite, he has worked with Larsen & Toubro Limited, L&T Infrastructure Finance Company Limited and Procter & Gamble International Operations Pte. Limited. He holds a master’s degree in business administration from National University of Singapore and a bachelor’s degree in electrical engineering from Nirma Institute of Technology, Gujarat University.

Ms. Ami Momaya

Non-Executive Director

Ms. Ami Momaya

Non-Executive Director

Ms. Ami Momaya joined KKR in 2022 and is a member of the Asia-Pacific Infrastructure team. Ms. Momaya is responsible for infrastructure investments in India. Ms. Momaya began her career at Morgan Stanley where she spent 17 years across their India and New York offices and was instrumental in building their India infrastructure business. As a part of Morgan Stanley’s infrastructure business, Ms. Momaya led transactions across transportation, logistics and renewable energy. Prior to joining the Infrastructure Fund in 2008, Ms. Momaya worked at Morgan Stanley’s Investment Banking Division in New York where she focused on buyouts, mergers & acquisitions, initial public offerings and financings in services, outsourcing and payment processing sectors. Ms. Momaya holds a Bachelors in Commerce from Mumbai University and a post graduate degree from the Narsee Monjee Institute of Management Studies (Mumbai).